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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 137,850 $ 167,511
Interest bearing deposits with other banks 544,874 279,671
Total cash and cash equivalents 682,724 447,182
Time deposits with other banks 7,856 5,857
Debt securities:    
Securities available-for-sale (at fair value) 1,949,463 1,836,020
Securities held-to-maturity (fair value $540.2 million at March 31, 2024 and $558.4 million at December 31, 2023) 669,896 680,313
Total debt securities 2,619,359 2,516,333
Loans held for sale (at fair value) 9,475 4,391
Loans 9,978,052 10,062,940
Less: Allowance for credit losses (146,669) (148,931)
Loans, net of allowance for credit losses 9,831,383 9,914,009
Bank premises and equipment, net 110,787 113,304
Other real estate owned 7,315 7,560
Goodwill 732,417 732,417
Other intangible assets, net 89,377 95,645
Bank owned life insurance 301,229 298,974
Net deferred tax assets 111,539 113,232
Other assets 326,554 331,345
Total Assets 14,830,015 14,580,249
Liabilities    
Deposits 12,015,840 11,776,935
Securities sold under agreements to repurchase, maturing within 30 days 326,732 374,573
Federal Home Loan Bank (“FHLB”) borrowings 110,000 50,000
Long-term debt, net 106,468 106,302
Other liabilities 153,225 164,353
Total Liabilities 12,712,265 12,472,163
Shareholders’ Equity    
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued $85,555,007 and outstanding $84,935,054 at March 31, 2024, and authorized 120,000,000, issued 85,480,183 and outstanding 84,861,498 shares at December 31, 2023 8,494 8,486
Additional paid-in-capital 1,811,941 1,808,883
Retained earnings 478,017 467,305
Less: Treasury stock (16,746) (16,710)
Total shareholders' equity, before accumulated other comprehensive (loss) income, net 2,281,706 2,267,964
Accumulated other comprehensive loss, net (163,956) (159,878)
Total Shareholders’ Equity 2,117,750 2,108,086
Total Liabilities and Shareholders’ Equity $ 14,830,015 $ 14,580,249